Ex-Ripple Director Clarifies XRP Price Lull, RCO Finance: The Crypto AI Investment Platform Set to Benefit From Ripple\'s Partnership Spree

Former Ripple director Sean McBride recently offered his insights on XRP's sluggish price movement. He believes a significant price jump is unlikely shortly due to ongoing challenges.

Former Ripple director shares insights on XRP’s sluggish price movement

In a recent interview, a former Ripple executive shared his thoughts on XRP’s lackluster price performance over the past few years. He also addressed speculation about a potential collaboration between Ripple and another prominent Ethereum token. Let’s get into the key takeaways from this conversation.

Ex-Ripple Director Clarifies XRP Price LullFormer Ripple director Sean McBride recently offered his insights on XRP’s sluggish price movement. He believes a significant price jump is unlikely shortly due to ongoing challenges.XRP’s performance has lagged behind that of other cryptocurrencies. Even during market rallies, the coin tends to see slower growth. However, it’s not immune to downturns, experiencing price drops alongside the broader market. This inconsistency makes its future trajectory difficult to predict.In response to a user’s query about XRP’s price slump, McBride pointed to the unresolved legal battle between Ripple and the SEC. In this case, he believes a final decision from Judge Torres is crucial for any substantial movement in XRP’s value.On July 13, 2023, Judge Torres ruled that XRP is not a security, dismissing the SEC’s claim. This news initially boosted XRP’s price by 100% within 24 hours, and the crypto coin reached $0.93. However, according to Coinmarketcap, XRP trades at $0.480 a year later, losing half its value despite a generally bullish market.Speculation Mounts Over Potential Ripple-JASMY PartnershipA JASMY supporter recently took to X to state that a partnership between JASMY and Ripple is not only on the horizon but inevitable.Ripple recently announced a fund for web3 projects in Korea and Japan. With 1 billion XRP ($500 million) earmarked for this purpose, this user believes Ripple’s fund aligns with JASMY’s focus on Asian markets.Recent regulatory changes in Japan and the easing of crypto laws have opened doors for Japanese venture capitalists to invest in blockchain ventures. With only a handful of blockchain players in Japan, including JASMY, Ripple’s existing partnership with SBI Japan enhances the plausibility of such a venture.According to CoinGecko data, JASMY is trading for $0.038, with a 5.82% increase over the past week.

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